The Alkaline Water Company Inc (NASDAQ:WTER) is gaining momentum in late morning session on Friday. The stock has gained 16% so far this year.
Market Action
As of 11:35, WTER stock is up by 2.56% to trade at $3.64. The stock has witnessed a total volume with 1.05 million shares, compared to its average volume of 990K. The stock has moved within a range of $1.1750 – 1.2100 after opening the trade at $1.20.
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Largest Indie Player in Projected Billion-Dollar Water Market
- announces the availability of a broadcast titled, “M&A Activity Picks Up in F&B Sectors, Including Functional Water Assets Space.”
- The megatrend the water majors are now trying to capture is the increasing consumer health consciousness towards enhanced water as a replacement for sugary drinks. The trend accelerated with people on lockdown buying enhanced water for a slew of reasons, but the fact remains that many consumers have now incorporated value-added waters as part of their lifestyle.
- The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) is the largest independent player in the alkaline water market that is expected to reach $1 billion by next year. As the name implies, the Scottsdale, Arizona-based company specializes in producing drinking water with trace minerals and electrolytes and a higher pH, specifically 8.8, than regular drinking water, which has a neutral pH of 7.
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 1.0967 | 1.1133 | 1.1417 | 1.1583 | 1.1867 | 1.2033 | 1.2317 |
| Fibonacci | 1.1133 | 1.1305 | 1.1411 | 1.1583 | 1.1755 | 1.1861 | 1.2033 |
Moving Averages
| +/- EMA(20) | 1.13 (+5.31%) |
| +/- SMA(50) | 1.09 (+9.17%) |
| +/- SMA(200) | 1.23 (-3.25%) |
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